Breaking News: Nelson Mandela ‘left $4m Estate’

Posted by African Examiner Latest Headlines, News Monday, February 3rd, 2014

Nelson Mandela left an estate valued at more than 46 million rand ($4.13m; £2.53m), a public reading of his will has revealed.

Nelson Mandela, South African statesman and former President

Executor Justice Dikgang Moseneke, summarising what he said was a 40-page document, said he was “not aware of any contest” to the will.

Close personal staff each get 50,000 rand. Schools the former South African president attended are due to receive 100,000 rand.

Mr Mandela died in December, aged 95.

He left behind an estate that includes an upmarket house in Johannesburg, a modest dwelling in his rural Eastern Cape home province and royalties from book sales, including his autobiography Long Walk to Freedom.

He also left 100,000 rand to each of four other educational institutions, for bursaries and scholarships.

The mood of the Mandela family when the will was read was “charged with emotions but it went well,” said the executor, who added that the Mandela family were “well pleased” by his will.

The family trust will receive 1.5m rand, plus royalties.

The ANC will also receive some royalties, to be used at the discretion of the party’s executive committee, to spread information about the principles and policies of the ANC, particularly about reconciliation.

There is a 90-day period in which the will can be contested.

BBC